Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace.

What Can You Get With the Ink Plus Card’s 70,000 Point Bonus?

Disclosure: We get a commission for links on the blog. You don’t have to use our links, but we’re very grateful when you do. American Express, Capital One, Chase, and US Bank are Million Mile Secrets advertising partners. Opinions expressed here are the author's alone, and have not been reviewed, approved or endorsed by our partners.

Update: The Chase Ink Plus 70,000 point offer is no longer available, but check Hot Deals for the latest offers!

Update: You can no longer transfer Chase Ultimate Rewards points to Amtrak.

The increased sign-up bonus on the Chase Ink Plus business card is now available to everyone online! You’ll get 70,000 Chase Ultimate Rewards points after you spend $5,000 in the 1st 3 months.

Folks are excited about what they can get with all those points! When used for merchandise, gift cards, or cash back, 70,000 Chase Ultimate Rewards points is worth $700 (1 cent per point). If redeemed for travel through the Chase Ultimate Rewards travel portal, they’re worth $875 (1.25 cents per point).

With 70,000 points (plus some of the points you’ll earn from meeting minimum spending requirements), a family of 4 could fly round-trip from Buffalo to Aruba for a tropical winter vacation! Note that you will pay higher taxes and fees because Aruba charges departure and facility taxes.

~74,000 Points Plus Taxes and Fees Will Get a Family of 4 to Aruba on Southwest

This is still a bargain, because the cash price of these tickets is ~$1,555!

You’ll Get More Than $1,000 in Free Travel by Transferring Points From the Chase Ink Card to Southwest

3. Transfer Points to British Airways

Transferring Points to Use on British Airways Flights Isn’t the Best Deal Because of High Fuel Surcharges

But a great way to use British Airways Avios points is for short-haul trips on partner American Airlines. That’s because flights under 650 miles only cost 4,500 miles 1-way, or 9,000 miles round-trip in coach class.

I priced out a round-trip coach class ticket in March from New York to Toronto, a distance of 357 miles. The cheapest fare was $361!

A New York to Toronto Round-Trip Ticket Costs at Least $361 in March

You could buy almost 8 round-trip award tickets using the sign-up bonus from the Chase Ink Plus card. That’s worth at least ~$2,888! And depending on destination and price, your points could be worth even more.

6. Transfer Points to Korean Air

There could be situations where transferring Chase Ultimate Rewards points to Korean Air is a good deal. That’s because you can use Korean Air miles on SkyTeam and other partners, and some awards are cheaper using Korean Air miles.

Korean Air Miles Can Be Used on SkyTeam Partners Such as Delta & Air France

For example, if you transferred 75,000 Chase Ultimate Rewards points (70,000 points from the sign-up bonus + 5,000 points from meeting minimum spending) to Korean Air, you could use them for 3 round-trip coach class award tickets to Hawaii on Delta!

11. Transfer Points to Amtrak

Most folks don’t consider trains when they think about luxury travel, but you could get a lot of value from transferring your 70,000 Chase Ultimate Rewards points to Amtrak.

For example, a 1-way First Class train ticket between New York and Washington, DC, costs 12,000 points. So with 2,000 of the extra points you’ll get from meeting minimum spending, you could get 6 1-way tickets with the Chase Ink Plus sign-up bonus.

If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Other

Editorial Disclaimer: Neither the editorial content nor the comments on this site are provided by the companies whose products are featured. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser.

7 comments

For those that live in the Northeast USA, move Amtrak way up on this list and, most likely, ignore the first class option.

A same-day prime-time coach ticket to go from Boston to New York is typically around $125 while it is only 4,000 points, and, depending on the TSA's mood that day, can be quicker than flying when going mid-town (e.g., Back Bay) to mid-town (e.g., Times Square) . 72,000 points gives you 18 of these for a value of around $2,250. And there is no question about the actual incremental value of first class (though for someone truly budget minded that would normally take the bus, their subjective value would be much lower).

A same day express business class ticket from Boston to Washington, DC that complies with the departure rules is around $275 or 8,000 points which could imply a $2,475 value, though most would opt to fly that distance and the peak hours blackout makes it a bit difficult to use.

As to regional business class, certainly not worth double points for a free soda. Express first class may be worth it to the same person that would go out of pocket for domestic first on a 737.

Well, I applied this morning and got denied. I don't really have an "established" business per se, but after reading a few of the posts that one might still qualify if their business is selling things online for instance (which I have). So I followed the application tips, and used a modest $200 income from this very small business. Acc. to Chase, here's what worked against me....there was no mention of the "small business", but it was my recent back-to-back Chase credit card approvals (Marriott Rewards and United Explorer) - both of which were approved in July/Aug respectively. I haven't had a long payment history yet. I have paid my Marriott in full, and the United card's 1st payment is just now coming up. Having said that, what's a reasonable time to reapply? How long should I wait? Should this "denial" deter me from applying with Chase for the time being? Or should, I also take a break from applying with other card companies? Thanks!

Just because something costs seven grand doesn't mean an average person derives seven grand worth of benefit. There are plenty of overpriced things in this world, but it doesn't mean their value to average person is the same as the sticker price. To me and I bet many if not most people 1st class is worth double at the MOST no matter for how many thousands it sells to the 1%

Editorial Note: Neither the editorial content nor the comments on this site are provided by the companies whose products are featured. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser.

Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace.